Markets started the Sunday evening session firm and finished that way. Wheat was the leader with small gains in all three markets. Meanwhile, corn and soybeans were steady to fractionally higher. Rains missed most of the key growing regions in Argentina, and that kept the soy complex firm overnight. There are still several chances for more widespread rain showers across Argentina and southern Brazil. As the two-week precipitation forecast map below shows, however, the final result will still be below normal. Soybeans and soymeal futures opened today’s session with small losses.
This morning USDA announced the export sales of 396,000 MT of soybeans and 168,000 MT of sorghum, all to China. U.S. equity markets started the day very st...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
